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Matching public support for private product-innovating R&D: a theoretical analysis

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  • Pavlo Buryi
  • Sajal Lahiri

Abstract

This paper develops a theoretical model of product innovation where research and development (R&D) effort by a monopolist firm is endogenous and its outcome uncertain. The government attempts to aid such efforts with a matching grant. We consider different scenarios depending on whether two parties act simultaneously, act sequentially, or take part in a dynamic cooperative game with a trigger strategy. We also consider cases (i) when the products are exported, (ii) when the firm lobbies for R&D subsidy, and (iii) when the firm is foreign owned. We characterize situations when government intervention increases the chances of product innovation and when it does not.

Suggested Citation

  • Pavlo Buryi & Sajal Lahiri, 2017. "Matching public support for private product-innovating R&D: a theoretical analysis," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(4), pages 295-310, May.
    • Handle: RePEc:taf:ecinnt:v:26:y:2017:i:4:p:295-310
    DOI: 10.1080/10438599.2016.1193320
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    References listed on IDEAS

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    1. William Clinton & A. Gore, 1993. "Technology For America'S Growth," Industry and Innovation, Taylor & Francis Journals, vol. 1(1), pages 88-91.
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